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The Limits of Deglobalization and Fragmentation of Economic Blocs
Is it possible?
In recent years, there has been a notable trend towards deglobalization and the fragmentation of economic blocs.
This shift marks a departure from the decades-long trend of increasing global interconnectedness and the rise of regional economic alliances.
While various factors are driving this trend, it is essential to recognize the limits and challenges associated with deglobalization and the splintering of economic blocs.
What is deglobalization? It is the process of diminishing interdependence and integration between certain units around the world, typically nation-states.
It is widely used to describe the periods of history when economic trade and investment between countries declined.
The Complex Global Supply Chains.
Look at this graphic.
One of the significant challenges of deglobalization is the intricate nature of modern global supply chains.
Many industries have become highly integrated across borders, with raw materials…
